----

| (a)   | At      March 31, 2008 and March 31, 2007 |
|-----------------|-------------------------------------------|

| (b)   | For      the years ended March 31, 2008 and2007 |
|-----------------|-------------------------------------------------|

----

| MAN-AHL      130, LLC                      |   |   |    |   |      |   |   |   |   |   |                            |   |
|--------------------------------------------|--------|--------|---------|--------|-----------|--------|--------|--------|--------|--------|---------------------------------|--------|
|                                       |   |   |    |   |      |   |   |   |   |   |                            |   |
| CONDENSED      SCHEDULES OF INVESTMENTS    |   |   |    |   |      |   |   |   |   |   |
| AS      OF MARCH 31, 2008 AND 2007         |   |   |    |   |      |   |   |   |   |   |                            |   |
|                                       |   | 2008   |    |   |      |   |   | 2007   |   |   |                            |   |
|                                       |   |   |    |   | %      of |   |   |   |   |   | %      of                       |   |
|                                       |   | Fair   |    |   | Members'  |   |   | Fair   |   |   | Members'                        |   |
|                                       |   | Value  |    |   | Equity*   |   |   | Value  |   |   | Equity                          |   |
| Futures      Contracts — Long:       |   |   |    |   |      |   |   |   |   |   |                            |   |
|   Currency                       |   | $      | 153,351 |   |      |   | 0.75   | %      |   | $      |     — |   |   |   | — | % |
|   Energy                         |   |   | 83,205  |   |      |   | 0.41   | %      |   |   | —                         |   |   |   | — |   |
|   United      States Bonds       |   |   | 189,722 |   |      |   | 0.93   | %      |   |   | —                         |   |   |   | — |   |
|   Non-United      States Bonds   |   |   | 241,290 |   |      |   | 1.18   | %      |   |   | —                         |   |   |   | — |   |
|   Other                          |   |   | 1,910   |   |      |   | 0.01   | %      |   |   | —                         |   |   |   | — |   |
| Total      Futures Contracts — Long  |   |   | 669,478 |   |      |   | 3.28   | %      |   |   | —                         |   |   |   | — |   |
|                                       |   |   |    |   |      |   |   |   |   |   |                            |   |   |   |   |   |
| Futures      Contracts — Short:      |   |   |    |   |      |   |   |   |   |   |                            |   |   |   |   |   |
|   Agricultural                   |   |   | 39,623  |   |      |   | 0.19   | %      |   |   | —                         |   |   |   | — |   |
|   Metals                         |   |   | (23,940 | )      |      |   | (0.12  | )%     |   |   | —                         |   |   |   | — |   |
|   Non-United      States Bonds   |   |   | 5,656   |   |      |   | 0.03   | %      |   |   | —                         |   |   |   | — |   |
|   Other                          |   |   | 4       |   |      |   | 0.00   | %      |   |   | —                         |   |   |   | — |   |
| Total      Futures Contracts — Short |   |   | 21,343  |   |      |   | 0.10   | %      |   |   | —                         |   |   |   | — |   |
|                                       |   |   |    |   |      |   |   |   |   |   |                            |   |   |   |   |   |
| Forward      Contracts — Long:       |   |   |    |   |      |   |   |   |   |   |                            |   |   |   |   |   |
|   Australian      Dollar         |   |   | (13,044 | )      |      |   | (0.06  | )%     |   |   | —                         |   |   |   | — |   |
|   Brazilian      Real            |   |   | (26,632 | )      |      |   | (0.13  | )%     |   |   | —                         |   |   |   | — |   |
|   British      Pound             |   |   | (22,509 | )      |      |   | (0.11  | )%     |   |   | —                         |   |   |   | — |   |
|   Canadian      Dollar           |   |   | (14,614 | )      |      |   | (0.07  | )%     |   |   | —                         |   |   |   | — |   |
|   Czech      Koruna              |   |   | 8,545   |   |      |   | 0.04   | %      |   |   | —                         |   |   |   | — |   |
|   European      Euro             |   |   | 29,520  |   |      |   | 0.14   | %      |   |   | —                         |   |   |   | — |   |
|   Mexican      Peso              |   |   | 11,766  |   |      |   | 0.06   | %      |   |   | —                         |   |   |   | — |   |
|   New      Zealand Dollar        |   |   | (16,287 | )      |      |   | (0.08  | )%     |   |   | —                         |   |   |   | — |   |
|   Polish      Zloty              |   |   | 14,210  |   |      |   | 0.07   | %      |   |   | —                         |   |   |   | — |   |
|   Singapore      Dollar          |   |   | 6,843   |   |      |   | 0.04   | %      |   |   | —                         |   |   |   | — |   |
|   Swiss      Franc               |   |   | 96,697  |   |      |   | 0.47   | %      |   |   | —                         |   |   |   | — |   |
|   Other                          |   |   | (4,074  | )      |      |   | (0.02  | )%     |   |   | —                         |   |   |   | — |   |
| Total      Forward Contracts — Long  |   |   | 70,421  |   |      |   | 0.35   | %      |   |   | —                         |   |   |   | — |   |

----

| MAN-AHL      130, LLC                                           |   |   |    |   |      |   |   |   |   |   |      |   |
|-----------------------------------------------------------------|--------|--------|---------|--------|-----------|--------|--------|--------|--------|--------|-----------|--------|
|                                                            |   |   |    |   |      |   |   |   |   |   |      |   |
| CONDENSED      SCHEDULES OF INVESTMENTS (continued)             |   |   |    |   |      |   |   |
| AS      OF MARCH 31, 2008 AND 2007                              |   |   |    |   |      |   |   |   |   |   |      |   |
|                                                            |   | 2008   |    |   |      |   |   | 2007   |   |   |      |   |
|                                                            |   |   |    |   | %      of |   |   |   |   |   | %      of |   |
|                                                            |   | Fair   |    |   | Members'  |   |   | Fair   |   |   | Members'  |   |
|                                                            |   | Value  |    |   | Equity*   |   |   | Value  |   |   | Equity    |   |
| Forward      Contracts — Short:                           |   |   |    |   |      |   |   |   |   |   |      |   |   |   |   |   |
|   Australian      Dollar                              |   | $      | 7,881   |   |      |   | 0.04   | %      |   | $      | —   |   |   |   | — | % |
|   Brazilian      Real                                 |   |   | 16,317  |   |      |   | 0.08   | %      |   |   | —   |   |   |   | — |   |
|   British      Pound                                  |   |   | 6,742   |   |      |   | 0.03   | %      |   |   | —   |   |   |   | — |   |
|   Canadian      Dollar                                |   |   | 7,362   |   |      |   | 0.04   | %      |   |   | —   |   |   |   | — |   |
|   Mexican      Peso                                   |   |   | (7,515  | )      |      |   | (0.04  | )%     |   |   | —   |   |   |   | — |   |
|   New      Zealand Dollar                             |   |   | 7,537   |   |      |   | 0.04   | %      |   |   | —   |   |   |   | — |   |
|   Norwegian      Krone                                |   |   | 1,129   |   |      |   | 0.01   | %      |   |   | —   |   |   |   | — |   |
|   Polish      Zloty                                   |   |   | (5,954  | )      |      |   | (0.03  | )%     |   |   | —   |   |   |   | — |   |
|   Singapore      Dollar                               |   |   | (4,912  | )      |      |   | (0.03  | )%     |   |   | —   |   |   |   | — |   |
|   South      African Rand                             |   |   | 3,286   |   |      |   | 0.02   | %      |   |   | —   |   |   |   | — |   |
|   Swiss      Franc                                    |   |   | (33,909 | )      |      |   | (0.17  | )%     |   |   | —   |   |   |   | — |   |
|   Other                                               |   |   | 591     |   |      |   | 0.00   | %      |   |   | —   |   |   |   | — |   |
| Total      Forward Contracts — Short                      |   |   | (1,445  | )      |      |   | (0.01  | )%     |   |   | —   |   |   |   | — |   |
|                                                            |   |   |    |   |      |   |   |   |   |   |      |   |   |   |   |   |
| Net      unrealized trading gains on open derivativecontracts   |   | $      | 759,797 |   |      |   | 3.72   | %      |   | $      | —   |   |   |   | — | % |
|                                                            |   |   |    |   |      |   |   |   |   |   |      |   |   |   |   |   |
|                                                            |   |   |    |   |      |   |   |   |   |   |      |   |   |   |   |   |
| *      Percentages are based on Members' Equity of $20,408,632. |   |   |    |   |      |   |   |   |   |   |      |   |   |   |   |   |
|                                                            |   |   |    |   |      |   |   |   |   |   |      |   |   |   |   |   |
| See      notes to financial statements.                         |   |   |    |   |      |   |   |   |   |   |      |   |   |   |   |   |

----

| MAN-AHL      130, LLC                                                                                           |   |                |       |   |                |   |
|-----------------------------------------------------------------------------------------------------------------|--------|---------------------|------------|--------|---------------------|--------|
|                                                                                                            |   |                |       |   |                |   |
| STATEMENTS      OF FINANCIAL CONDITION                                                                          |   |                |       |   |                |   |
|                                                                                                            |   |                |       |   |                |   |
|                                                                                                            |   | March      31, 2008 |       |   | March      31, 2007 |   |
|                                                                                                            |   |                |       |   |                |   |
| ASSETS:                                                                                                         |   |                |       |   |                |   |
|                                                                                                            |   |                |       |   |                |   |
| Equity      in commodity futures and forwards                                                                   |   |                |       |   |                |   |
|  trading      accounts:                                                                                    |   |                |       |   |                |   |
|         Net unrealized trading gains on open           derivatives contracts |   | $                   | 759,797    |   |                | $      | — |   |
|    Due      from broker                                                                          |   |                | 944,647    |   |                |   | — |   |
|                                                                                                            |   |                |       |   |                |   |   |   |
| Investment      in Man-Glenwood Lexington, LLC,                                                                 |   |                |       |   |                |   |   |   |
|    at      fair value (cost $5,839,245)                                                          |   |                | 5,701,675  |   |                |   | — |   |
| Cash      and cash equivalents                                                                                  |   |                | 13,883,114 |   |                |   | 10,000 |   |
| Advance      subscription to Man-Glenwood   Lexington,      LLC                                  |   |                | 238,357    |   |                |   | — |   |
| Redemption      receivable from Man-Glenwood   Lexington,      LLC                               |   |                | 160,000    |   |                |   | — |   |
| Expense      reimbursement receivable                                                                           |   |                | 114,090    |   |                |   | — |   |
| Interest      receivable                                                                                        |   |                | 5,773      |   |                |   | — |   |
|                                                                                                            |   |                |       |   |                |   |   |   |
| TOTAL                                                                                                           |   | $                   | 21,807,453 |   |                | $      | 10,000 |   |
|                                                                                                            |   |                |       |   |                |   |   |   |
| LIABILITIES      & MEMBERS' EQUITY:                                                                         |   |                |       |   |                |   |   |   |
|                                                                                                            |   |                |       |   |                |   |   |   |
| Subscriptions      received in advance                                                                          |   | $                   | 290,416    |   |                | $      | — |   |
| Management      fees payable                                                                                    |   |                | 136,793    |   |                |   | — |   |
| Client      servicing fees payable                                                                              |   |                | 1,044      |   |                |   | — |   |
| Incentive      fees payable                                                                                     |   |                | 598,100    |   |                |   | — |   |
| Brokerage      commission payable                                                                               |   |                | 98,588     |   |                |   | — |   |
| Accrued      professional fees payable                                                                          |   |                | 173,409    |   |                |   | — |   |
| Accrued      administrative fees payable                                                                        |   |                | 98,871     |   |                |   | — |   |
| Other      liabilities                                                                                          |   |                | 1,600      |   |                |   | — |   |
|                                                                                                            |   |                |       |   |                |   |   |   |
|     Total      liabilities                                                                  |   |                | 1,398,821  |   |                |   | — |   |
|                                                                                                            |   |                |       |   |                |   |   |   |
| MEMBERS'      EQUITY:                                                                                           |   |                |       |   |                |   |   |   |
|                                                                                                            |   |                |       |   |                |   |   |   |
| Class      A Series 1 Members                                                                                   |   |                |       |   |                |   |   |   |
|         (2,647.132 and 0 units outstanding, respectively)                                             |   |                | 348,997    |   |                |   | — |   |
|                                                                                                            |   |                |       |   |                |   |   |   |
| Class      A Series 2 Member                                                                                    |   |                |       |   |                |   |   |   |
|         (150,751.032 and 0 units outstanding, respectively)                                           |   |                | 20,059,635 |   |                |   | 10,000 |   |
|                                                                                                            |   |                |       |   |                |   |   |   |
| Total      Members' equity                                                                                      |   |                | 20,408,632 |   |                |   | 10,000 |   |
|                                                                                                            |   |                |       |   |                |   |   |   |
| TOTAL                                                                                                           |   | $                   | 21,807,453 |   |                | $      | 10,000 |   |
|                                                                                                            |   |                |       |   |                |   |   |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING -   CLASS      A SERIES 1 MEMBERS                      |   | $                   | 131.84     |   |                | $      | — |   |
|                                                                                                            |   |                |       |   |                |   |   |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING -   CLASS      A SERIES 2 MEMBER                       |   | $                   | 133.07     |   |                | $      | — |   |
|                                                                                                            |   |                |       |   |                |   |   |   |
| See      notes to financial statements.                                                                         |   |                |       |   |                |   |   |   |

----

| MAN-AHL      130, LLC                                                                                                                                                                             |   |                    |       |   |                    |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|------------|--------|-------------------------|--------|
|                                                                                                                                                                                              |   |                    |       |   |                    |   |
| STATEMENTS      OF OPERATIONS                                                                                                                                                                     |   |                    |       |   |                    |   |
|                                                                                                                                                                                              |   | For      the year ended |       |   | For      the year ended |   |
|                                                                                                                                                                                              |   | March      31, 2008     |       |   | March      31, 2007     |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |
| INVESTMENT      INCOME:                                                                                                                                                                           |   |                    |       |   |                    |   |
|         Interest income                                                                                                                                                                 |   | $                       | 398,431    |   |                    | $      | — |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |   |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |   |   |
| EXPENSES:                                                                                                                                                                                         |   |                    |       |   |                    |   |   |   |
|         Management fees                                                                                                                                                                 |   |                    | 485,023    |   |                    |   | — |   |
|         Incentive fees                                                                                                                                                                  |   |                    | 1,249,061  |   |                    |   | — |   |
|         Client servicing fees                                                                                                                                                           |   |                    | 2,088      |   |                    |   | — |   |
|         Brokerage commissions                                                                                                                                                           |   |                    | 244,051    |   |                    |   | — |   |
|         Professional fees                                                                                                                                                               |   |                    | 355,000    |   |                    |   | — |   |
|         Administrative fees                                                                                                                                                             |   |                    | 173,871    |   |                    |   | — |   |
|         Other                                                                                                                                                                           |   |                    | 10,369     |   |                    |   | — |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |   |   |
|         TOTAL EXPENSES                                                                                                                                                                  |   |                    | 2,519,463  |   |                    |   | — |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |   |   |
| Less      reimbursed expenses                                                                                                                                                                     |   |                    | (447,815   | )      |                    |   | — |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |   |   |
|         Net expenses                                                                                                                                                                    |   |                    | 2,071,648  |   |                    |   | — |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |   |   |
| NET      INVESTMENT LOSS                                                                                                                                                                          |   |                    | (1,673,217 | )      |                    |   | — |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |   |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |   |   |
| NET      REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS AND      FOREIGN CURRENCY:                                                                                                    |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |   |   |
| Net      realized trading gains on closed   derivatives      contracts and foreign currency   transactions                                                          |   |                    | 6,064,135  |   |                    |   | — |   |
| Net      change in unrealized trading gains on open   derivatives      contracts and translation of assets   and      liabilities denominated in foreign currencies |   |                    | 759,797    |   |                    |   | — |   |
| Net      realized losses on investment in   Man-Glenwood      Lexington, LLC                                                                                                       |   |                    | (4,513     | )      |                    |   | — |   |
| Net      change in unrealized depreciation on   investment      in Man-Glenwood Lexington, LLC                                                                                     |   |                    | (137,570   | )      |                    |   | — |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |   |   |
| NET      REALIZED AND UNREALIZED GAINS   ON      INVESTMENTS AND FOREIGN   CURRENCY                                                                                 |   |                    | 6,681,849  |   |                    |   | — |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |   |   |
| Net      income                                                                                                                                                                                   |   | $                       | 5,008,632  |   |                    | $      | — |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |   |   |
| Net      income per unit outstanding - Class A Series 1                                                                                                                                           |   | $                       | 35.13      |   |                    | $      | — |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |   |   |
| Net      income per unit outstanding - Class A Series 2                                                                                                                                           |   | $                       | 33.05      |   |                    | $      | — |   |
|                                                                                                                                                                                              |   |                    |       |   |                    |   |   |   |
| See      notes to financial statements.                                                                                                                                                           |   |                    |       |   |                    |   |   |   |

----

| MAN-AHL      130, LLC                                                                                |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |
|------------------------------------------------------------------------------------------------------|--------|------------------------|---------|--------|------------------------|--------|-----------|--------|--------|--------|------------|--------|--------|--------|-------------|--------|--------|--------|
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |
| STATEMENTS      OF CHANGES IN MEMBERS' EQUITY                                                        |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |
| FOR      THE YEAR ENDED MARCH 31, 2008                                                               |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |
|                                                                                                 |   | CLASS      A SERIES 1* |    |   | CLASS      A SERIES 2* |   |      | TOTAL  |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |
|                                                                                                 |   | Amount                 |    |   | Units                  |   |      | Amount |   |   | Units      |   |   | Amount |        |   | Units  |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |
| Member's      equity at April 1, 2007                                                                |   | $                      | — |   |                   |   | —   |   |   | $      | 10,000     |   |   |   | —     |   |   | $      | 10,000 |   |   |   | — |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
| Subscriptions                                                                                        |   |                   | 300,000 |   |                   |   | 2,647.132 |   |   |   | 15,090,000 |   |   |   | 150,751.032 |   |   |   | 15,390,000 |   |   |   | 153,398.164 |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
| Redemptions                                                                                          |   |                   | — |   |                   |   | —   |   |   |   | —    |   |   |   | —     |   |   |   | — |   |   |   | — |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
| Net      income                                                                                      |   |                   | 48,997  |   |                   |   | —   |   |   |   | 4,959,635  |   |   |   | —     |   |   |   | 5,008,632 |   |   |   | — |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
| Members'      equity at March 31, 2008                                                               |   | $                      | 348,997 |   |                   |   | 2,647.132 |   |   | $      | 20,059,635 |   |   |   | 150,751.032 |   |   | $      | 20,408,632 |   |   |   | 153,398.164 |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
| NET      ASSET VALUE PER UNIT OUTSTANDING   AT      MARCH 31, 2008                    |   | $                      | 131.84  |   |                   |   |      |   |   | $      | 133.07     |   |   |   |        |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
| FOR      THE YEAR ENDED MARCH 31, 2007                                                               |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   | CLASS      A SERIES 1  |    |   | CLASS      A SERIES 2  |   |      | TOTAL  |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   | Amount                 |    |   | Units                  |   |      | Amount |   |   | Units      |   |   | Amount |        |   | Units  |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
| Member's      equity at April 1, 2006                                                                |   | $                      | — |   |                   |   | —   |   |   | $      | 10,000     |   |   |   | —     |   |   | $      | 10,000 |   |   |   | — |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
| Subscriptions                                                                                        |   |                   | — |   |                   |   | —   |   |   |   | —    |   |   |   | —     |   |   |   | — |   |   |   | — |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
| Redemptions                                                                                          |   |                   | — |   |                   |   | —   |   |   |   | —    |   |   |   | —     |   |   |   | — |   |   |   | — |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
| Net      income                                                                                      |   |                   | — |   |                   |   | —   |   |   |   | —    |   |   |   | —     |   |   |   | — |   |   |   | — |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
| Member's      equity at March 31, 2007                                                               |   | $                      | — |   |                   |   | —   |   |   | $      | 10,000     |   |   |   | —     |   |   | $      | 10,000 |   |   |   | — |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
| *      Series 1 and Series 2 commenced trading on July 1, 2007 and April 2, 2007,      respectively. |   |                   |    |   |                   |   |      |   |   |   |       |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |
| See      notes to financial statements.                                                              |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |                   |    |   |                   |   |      |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |   |   |

----

| MAN-AHL      130, LLC                                                                                                                                            |   |                                  |       |   |                                 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|------------|--------|--------------------------------------|--------|
|                                                                                                                                                             |   |                                  |       |   |                                 |   |
| STATEMENTS      OF CASH FLOWS                                                                                                                                    |   |                                  |       |   |                                 |   |
|                                                                                                                                                             |   | For      the year endedMarch 31, 2008 |       |   | For      theyear endedMarch 31, 2007 |   |
| CASH      FLOWS FROM OPERATING ACTIVITIES:                                                                                                                       |   |                                  |       |   |                                 |   |
|   Net      income                                                                                                                                      |   | $                                     | 5,008,632  |   |                                 | $      | — |   |
|                                                                                                                                                             |   |                                  |       |   |                                 |   |   |   |
| Adjustments      to reconcile net income to                                                                                                                      |   |                                  |       |   |                                 |   |   |   |
|     net      cash used in operating activities:                                                                                              |   |                                  |       |   |                                 |   |   |   |
| Net      change in unrealized trading gains on open derivative      contracts                                                                                    |   |                                  |       |   |                                 |
|   and      translation of assets and liabilities denominated in                                                                                        |   |                                  |       |   |                                 |   |   |   |
|   foreign      currencies                                                                                                                              |   |                                  | (759,797   | )      |                                 |   | — |   |
| Purchase      of investment in Man-Glenwood Lexington, LLC                                                                                                       |   |                                  | (6,764,793 | )      |                                 |   | — |   |
| Sale      of investment in Man-Glenwood Lexington, LLC                                                                                                           |   |                                  | 522,678    |   |                                 |   | — |   |
| Net      realized losses on investment in Man-Glenwood Lexington,    LLC                                                                                         |   |                                  | 4,513      |   |                                 |   | — |   |
| Net      change in unrealized depreciation on investment in                                                                                                      |   |                                  |       |   |                                 |   |   |   |
|   Man-Glenwood      Lexington, LLC                                                                                                                     |   |                                  | 137,570    |   |                                 |   | — |   |
| Changes      in:                                                                                                                                                 |   |                                  |       |   |                                 |   |   |   |
|   Due      from broker                                                                                                                                 |   |                                  | (944,647   | )      |                                 |   | — |   |
|   Expense      reimbursement receivable                                                                                                                |   |                                  | (114,090   | )      |                                 |   | — |   |
|   Interest      receivable                                                                                                                             |   |                                  | (5,773     | )      |                                 |   | — |   |
|   Management      fees payable                                                                                                                         |   |                                  | 136,793    |   |                                 |   | — |   |
|   Incentive      fees payable                                                                                                                          |   |                                  | 598,100    |   |                                 |   | — |   |
|   Brokerage      commissions payable                                                                                                                   |   |                                  | 98,588     |   |                                 |   | — |   |
|   Accrued      professional fees payable                                                                                                               |   |                                  | 173,409    |   |                                 |   | — |   |
|   Accrued      administrative fees payable                                                                                                             |   |                                  | 98,871     |   |                                 |   | — |   |
|   Client      servicing fees payable                                                                                                                   |   |                                  | 1,044      |   |                                 |   | — |   |
|   Other      liabilities                                                                                                                               |   |                                  | 1,600      |   |                                 |   | — |   |
|                                                                                                                                                             |   |                                  |       |   |                                 |   |   |   |
|                    Net      cash used in operating activities     |   |                                  | (1,807,302 | )      |                                 |   | — |   |
|                                                                                                                                                             |   |                                  |       |   |                                 |   |   |   |
| FINANCING      ACTIVITIES:                                                                                                                                       |   |                                  |       |   |                                 |   |   |   |
|               Capital      subscriptions                                                   |   |                                  | 15,680,416 |   |                                 |   | — |   |
|                                                                                                                                                             |   |                                  |       |   |                                 |   |   |   |
|                    Net      cash provided by financing activities |   |                                  | 15,680,416 |   |                                 |   | — |   |
|                                                                                                                                                             |   |                                  |       |   |                                 |   |   |   |
| NET      INCREASE IN CASH AND CASH EQUIVALENTS                                                                                                                   |   |                                  | 13,873,114 |   |                                 |   | — |   |
|                                                                                                                                                             |   |                                  |       |   |                                 |   |   |   |
| CASH      AND CASH EQUIVALENTS - Beginning of year                                                                                                               |   |                                  | 10,000     |   |                                 |   | 10,000 |   |
|                                                                                                                                                             |   |                                  |       |   |                                 |   |   |   |
| CASH      AND CASH EQUIVALENTS - End of year                                                                                                                     |   | $                                     | 13,883,114 |   |                                 | $      | 10,000 |   |
|                                                                                                                                                             |   |                                  |       |   |                                 |   |   |   |
| See      notes to financial statements.                                                                                                                          |   |                                  |       |   |                                 |   |   |   |
|                                                                                                                                                             |   |                                  |       |   |                                 |   |   |   |

----

| MAN-AHL      130, LLC                                                           |   |           |    |   |           |   |
|---------------------------------------------------------------------------------|--------|----------------|---------|--------|----------------|--------|
|                                                                            |   |           |    |   |           |   |
| FINANCIAL      HIGHLIGHTS                                                       |   |           |    |   |           |   |
|                                                                            |   |           |    |   |           |   |
| FOR      THE YEAR ENDED MARCH 31, 2008                                          |   |           |    |   |           |   |
|                                                                            |   |           |    |   |           |   |
|                                                                            |   | Class      A   |    |   | Class      A   |   |
|                                                                            |   | Series      1* |    |   | Series      2* |   |
|                                                                            |   |           |    |   |           |   |
| Net      asset value, beginning of period                                       |   | $              | 112.32  |   |           | $      | 100.00 |   |
| Net      realized and unrealized gains on investments and foreign      currency |   |           | 42.04   |   |           |   | 52.33 |   |
| Net      investment loss (1)                                                    |   |           | (22.52  | )      |           |   | (19.26 | ) |
| Total      from operations                                                      |   |           | 19.52   |   |           |   | 33.07 |   |
|                                                                            |   |           |    |   |           |   |   |   |
| Net      asset value, end of period                                             |   | $              | 131.84  |   |           | $      | 133.07 |   |
|                                                                            |   |           |    |   |           |   |   |   |
| Net      assets, end of period                                                  |   | $              | 348,997 |   |           | $      | 20,059,635 |   |
|                                                                            |   |           |    |   |           |   |   |   |
| Ratio      of  investment loss to average net assets(2)(3)            |   |           | (9.22   | )%     |           |   | (9.47 | )% |
|                                                                            |   |           |    |   |           |   |   |   |
| Ratio      of expenses to average net assets (excluding incentive fee)(3)       |   |           | 5.55    | %      |           |   | 4.65 | % |
| Incentive      fee                                                              |   |           | 5.62    | %      |           |   | 7.08 | % |
| Ratio      of expenses to average net assets      (2)                           |   |           | 11.17   | %      |           |   | 11.73 | % |
|                                                                            |   |           |    |   |           |   |   |   |
| Total      return (prior to incentive fee)                                      |   |           | 25.46   | %      |           |   | 41.31 | % |
| Incentive      fee                                                              |   |           | (8.08   | )%     |           |   | (8.24 | )% |
| Total      return                                                               |   |           | 17.38   | %      |           |   | 33.07 | % |
|                                                                            |   |           |    |   |           |   |   |   |
| FOR      THE YEAR ENDED MARCH 31, 2007                                          |   |           |    |   |           |   |   |   |
|                                                                            |   |           |    |   |           |   |   |   |
|                                                                            |   | Class      A   |    |   | Class      A   |   |
|                                                                            |   | Series      1  |    |   | Series      2  |   |
|                                                                            |   |           |    |   |           |   |   |   |
| Net      asset value, beginning of period                                       |   | $              | — |   |           | $      | — |   |
| Net      realized and unrealized gain/(loss)                                    |   |           | — |   |           |   | — |   |
| Net      investment income                                                      |   |           | — |   |           |   | — |   |
| Total      from operations                                                      |   |           | — |   |           |   | — |   |
|                                                                            |   |           |    |   |           |   |   |   |
| Net      asset value, end of period                                             |   | $              | — |   |           | $      | — |   |
|                                                                            |   |           |    |   |           |   |   |   |
| Net      assets, end of period                                                  |   | $              | — |   |           | $      | — |   |
|                                                                            |   |           |    |   |           |   |   |   |
| Ratio      of net investment income to average net assets                       |   |           | — | %      |           |   | — | % |
|                                                                            |   |           |    |   |           |   |   |   |
| Ratio      of expenses to average net assets (excluding incentivefee)           |   |           | — | %      |           |   | — | % |
| Incentive      fee                                                              |   |           | — | %      |           |   | — | % |
| Ratio      of expenses to average net assets                                    |   |           | — | %      |           |   | — | % |
|                                                                            |   |           |    |   |           |   |   |   |
| Total      return (prior to incentive fee)                                      |   |           | — | %      |           |   | — | % |
| Incentive      fee                                                              |   |           | — | %      |           |   | — | % |
| Total      return                                                               |   |           | — | %      |           |   | — | % |

----

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| 1.   | ORGANIZATION |
|----------------|--------------|

|   | Man-AHL      130, LLC (the “Company”) is a limited liability company organized under      the laws of Delaware structured as a managed futures product which offers      investors enhanced yield and diversification benefits. The Company was      formed on April 14, 2005 and funded with an initial $10,000      investment from its managing member, Man Investments (USA) Corp. (“MI USA”      or the “Managing Member”), a Delaware corporation, on May 10,      2005.  The Company commenced trading on April 2, 2007 and      operates as a commodity investment pool.  Beginning July 1,      2007, Class A Series 1 units were issued at the current net asset value of      Managing Member units of $112.32.  The Managing Member’s      investment was designated as Class A Series 2 upon commencement of      trading. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2.   | SIGNIFICANT      ACCOUNTING POLICIES |
|----------------|--------------------------------------|

|   | The      accompanying financial statements are prepared in accordance with      accounting principles generally accepted in the United States of America.      The following are significant accounting policies adopted by the Company.        |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| 3. | DERIVATIVE      FINANCIAL INSTRUMENTS AND CONCENTRATIONS OF CREDIT  RISK |
|----|--------------------------------------------------------------------------|

|   | The      Company trades derivative financial instruments that involve varying      degrees of market and credit risk. Market risks may arise from unfavorable      changes in interest rates, foreign exchange rates, or the market values of      the instruments underlying the contracts. All contracts are stated at fair      value, and changes in those values are reflected in the net change in      unrealized gains (losses) on open contracts in the statements of      operations. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | INCOME      TAXES |
|----------------|-------------------|

----

| 5.   | CAPITAL      STRUCTURE |
|----------------|------------------------|

|                 |   | For      the year ended |      |   | For      the year ended |   |
|----------------------|--------|-------------------------|-----------|--------|-------------------------|--------|
|                 |   | March      31, 2008     |      |   | March      31, 2007     |   |
|                 |   | Class      A            |      |   | Class      A            |   |   | Class      A |   |   | Class      A |   |
|                 |   | Series      1           |      |   | Series      2           |   |   | Series      1 |   |   | Series      2 |   |
|                 |   |                    |      |   |                    |   |   |   |   |   |   |   |
| Beginning      units |   |                    | —   |   |                    |   | — |   |   |   | — |   |   |   | — |   |
| Units      issued    |   |                    | 2,647.132 |   |                    |   | 150,751.032 |   |   |   | — |   |   |   | — |   |
| Units      redeemed  |   |                    | —   |   |                    |   | — |   |   |   | — |   |   |   | — |   |
| Ending      units    |   |                    | 2,647.132 |   |                    |   | 150,751.032 |   |   |   | — |   |   |   | — |   |

| 6.   | NEW      ACCOUNTING PRONOUNCEMENTS |
|----------------|------------------------------------|

----

| 7.   | SUBSEQUENT      EVENTS |
|----------------|------------------------|

----

----